Peugeot to Focus on Hybrids Instead of Fuel Cells
PARIS (AFX) - PSA Peugeot Citroen said it is focusing its research priorities on hybrid gasoline-electric cars rather than more environmentally-friendly fuel-cell vehicles, the Financial Times reported.
Peugeot chief executive Jean-Martin Folz said the technical barriers to fuel cell development mean hydrogen-powered cars will not be a commercial reality for at least 15 years, the newspaper said.
Folz said the company has spent only "a few million euros" had been spent so far on fuel cell research and no major new investment is planned.
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